Vietnam exported ores and other minerals worth US$14.15 million in November 2024, representing a significant month-on-month drop of 34.6 percent, according to Vietnam’s General Department of Customs. Year-to-date exports totalled US$188.75 million, showing a challenging year for this sector.
Japan emerged as a standout market, importing US$3.02 million, a staggering increase of 5,840 percent compared to the previous month. Conversely, exports to China declined by 45.32 percent to US$1.95 million. Malaysia recorded a notable growth of 126 percent, reaching US$828,057, while South Korea experienced a sharp 58.85 percent decline.
The ores and minerals sector has faced volatility, driven by fluctuating demand across key markets and competition from other mineral-exporting countries. Despite significant growth in certain markets, the overall performance reflects the challenges in maintaining steady export volumes.
See also: Mining in Vietnam: Industry Overview
Vietnam ores and minerals exports, November 2024, US$
| November | October | MoM | YTD | |
| Total | 14,147,864 | 21,628,269 | -34.6% | 188,748,477 |
| Other | 6,836,672 | 15,692,532 | -56.43% | 57,381,183 |
| Japan | 3,024,783 | 50,922 | 5840.03% | 19,049,155 |
| China | 1,948,869 | 3,564,343 | -45.32% | 80,494,477 |
| Taiwan | 899,756 | 910,219 | -1.15% | 13,704,188 |
| Malaysia | 828,057 | 366,390 | 126.00% | 6,668,530 |
| South Korea | 391,602 | 951,697 | -58.85% | 7,222,532 |
| Indonesia | 160,433 | 27,719 | 478.78% | 2,628,982 |
| Thailand | 57,692 | 64,447 | -10.48% | 1,319,082 |
| Russia | 0 | 0 | 0.00% | 280,348 |